Vietnamese garment companies seek opportunities in Russia

NDO - A delegation of Vietnamese garment companies is showcasing their products at the textile trade fair Textillegprom 2019 in Moscow as part of a visit to survey the garment market of Russia from September 17-25.

The trade fair opened on September 17 with the participation of over 2,000 companies in a 25,000 square metre exhibition space.

The Vietnamese delegation consists of eight companies, displaying a wide variety of products such as coats, jeans, pyjamas and children’s clothes.

Most of the Vietnamese garment companies attending the event have already exported their products to Russia and are continuing to look for new partners.

Garment 10 Company, for example, is shipping about 350,000 items to Russia through its partner Henderson each year and wishes to seek new partners at this trade fair, said Hoang Huong Giang, a company representative.

According to Duong Hoang Minh, Chief of the Vietnamese trade mission in Russia, since the trade pact between Vietnam and the Eurasian Economic Union, of which Russia is a key member, took effect in 2016, Vietnam’s exports to Russia have recorded positive growth, with garment exports up 7% year-on-year to US$180 million in 2018.

Garment exports in the first seven months of 2019 reached US$154.2 million, up more than 60%.

However, Vietnam’s garment exports to Russia currently account for less than 3% of Russia’s total garment imports.

Therefore, Vietnamese garment companies need to step up their promotion activities in order to increase their exports to the Russian market, said Minh.